International Assets Investment Management LLC Raises Stake in Dell Technologies Inc. (NYSE:DELL)

International Assets Investment Management LLC lifted its holdings in Dell Technologies Inc. (NYSE:DELL) by 19,376.1% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,427,699 shares of the technology company’s stock after acquiring an additional 2,415,234 shares during the quarter. International Assets Investment Management LLC’s holdings in Dell Technologies were worth $287,779,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in DELL. Capital World Investors bought a new stake in Dell Technologies in the first quarter worth $835,946,000. DekaBank Deutsche Girozentrale lifted its stake in shares of Dell Technologies by 2.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 2,276,779 shares of the technology company’s stock valued at $319,771,000 after acquiring an additional 51,804 shares during the last quarter. Bahl & Gaynor Inc. boosted its holdings in Dell Technologies by 4.1% during the 2nd quarter. Bahl & Gaynor Inc. now owns 1,408,807 shares of the technology company’s stock valued at $194,289,000 after acquiring an additional 55,763 shares during the period. Bank of New York Mellon Corp grew its position in Dell Technologies by 103.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,133,166 shares of the technology company’s stock worth $156,275,000 after acquiring an additional 575,166 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in Dell Technologies by 303.6% in the 1st quarter. Nordea Investment Management AB now owns 937,398 shares of the technology company’s stock worth $107,173,000 after purchasing an additional 705,167 shares during the period. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DELL. Raymond James cut their target price on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Mizuho started coverage on shares of Dell Technologies in a research report on Tuesday, September 17th. They issued an “outperform” rating and a $135.00 price objective on the stock. Wells Fargo & Company dropped their target price on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Bank of America boosted their price target on Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Barclays lifted their price objective on Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $143.50.

Dell Technologies Stock Performance

Shares of DELL opened at $120.55 on Friday. The firm’s 50-day simple moving average is $116.30 and its two-hundred day simple moving average is $125.34. Dell Technologies Inc. has a fifty-two week low of $63.90 and a fifty-two week high of $179.70. The stock has a market cap of $85.51 billion, a PE ratio of 24.60, a price-to-earnings-growth ratio of 1.29 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The company had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.14 billion. During the same quarter last year, the company earned $1.44 EPS. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities research analysts predict that Dell Technologies Inc. will post 6.91 EPS for the current year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 22nd will be given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is 36.33%.

Insiders Place Their Bets

In related news, CEO Michael S. Dell sold 221,460 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the completion of the sale, the chief executive officer now owns 20,190,781 shares of the company’s stock, valued at $2,060,873,016.67. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Michael S. Dell sold 221,460 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the sale, the chief executive officer now directly owns 20,190,781 shares of the company’s stock, valued at $2,060,873,016.67. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael S. Dell sold 1,839,959 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $106.68, for a total value of $196,286,826.12. Following the completion of the transaction, the chief executive officer now directly owns 18,350,822 shares of the company’s stock, valued at approximately $1,957,665,690.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,953,387 shares of company stock valued at $2,113,353,236. Insiders own 46.70% of the company’s stock.

Dell Technologies Company Profile

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).